Trump bought stock in more than 20 companies and then raised them to millions on Truth Social: Report | Today’s news

US President Donald Trump’s latest annual financial disclosure has drawn new scrutiny. A CNN investigation found that Trump promoted more than 20 companies on his Truth Social account within days of buying their stock. On several occasions, he has also announced government measures that could benefit the same companies in which he has recently invested.

Inside the investigation

Trump’s full list of stock trades was recently made public through his annual financial disclosure. CNN used artificial intelligence to compare those trades with Trump’s Truth Social posts, identifying instances where he mentioned companies whose stock he had recently bought or sold. These results were then manually reviewed for relevance.

Which stocks did he support?

NVIDIA: On April 15, 2025, Trump took to Truth Social and posted: “NVIDIA LAUNCHED $500 BILLION TO BUILD AI SUPERCOMPUTERS, PLUS, IN THE UNITED STATES, EXCLUSIVELY. This is very big and exciting news. All necessary permits will be expedited and delivered quickly to all Golden Age of America companies!”

However, he reportedly invested between $200,000 and $500,000 in NVIDIA stock a few days earlier.

Micron: Trump’s annual financial disclosure also showed that he sold between $90,000 and $3.7 million worth of Micron Technology stock through May, while he bought between $246,000 and $3.7 million worth of NVIDIA stock.

Despite reducing his stake in Micron, he later described the chip maker as a “hot stock” on Truth Social while its shares were under pressure. Trump posted on his Truth Social: “BIG NEWS! Micron, a truly GREAT American company and one of the “hottest” anywhere in the world, has announced a HISTORIC investment of $250 MILLION in TRUMP ACCOUNTS. This incredible gesture by the fantastic CEO of Micron, Sanjay Mehrotra, will make many children very happy one day in the not too distant future.”

“Our country is far better off than any country anywhere in the world, and companies like Micron prove it every day. THIS IS THE GOLDEN AGE OF AMERICA!”, he added.

Tesla: Trump made one of his biggest individual Tesla purchases of the year on July 23, 2025. He bought between $500,000 and $1 million in company stock. A day later, he sent a Truth Social post that defused the Elon Musk feud. “Everyone is saying that I will destroy Elon’s companies by taking away some, if not all, of the massive subsidies he receives from the US government. That’s not the case! I want Elon and all businesses in our country to THRIVE, in fact, MOVE like never before! The better they do, the better the USA does, and that’s good for all of us. We want to see that every day and we want to see it.”

Read also | Will Elon Musk return to the GOP? Donald Trump Says “He Has No Choice…”

American Eagle: On July 31, Trump reportedly purchased between $15,000 and $50,000 in stock from clothing retailer American Eagle Outfitters. Four days later, he wrote a post on Truth Social praising the brand’s ad featuring actress Sydney Sweeney. Trump’s post read: “Sydney Sweeney, a registered Republican, has the ‘hottest’ ad. It’s for American Eagle and the jeans are ‘flying off the shelves.’ Go get ’em Sydney!”

Read also | Donald Trump Responds to Sydney Sweeney’s American Eagle Ad Amid Controversy

A CNN investigation alleges that Trump promoted over 20 companies on his Truth Social account shortly after he bought stock in those companies. The report further adds that he has also occasionally announced government actions that could benefit the companies in which he has just invested.

What does the White House say?

The White House has denied that Trump has ever used his office for personal financial gain. He claims that all of his stock trades are handled by independent financial managers and that Trump and his family have no control over the transactions.

Citing White House spokeswoman Anna Kelly, CNN reports that Trump’s assets are “held in fully discretionary accounts managed by independent third-party financial institutions. President Trump acts only in the best interests of the American public – which is why he was overwhelmingly re-elected to this office, despite years of lies and false accusations against him and his businesses by the fake news media.”

But unlike many previous presidents, Trump has not put his assets in a blind trust, meaning he can know what stocks his money managers are buying or selling, the report added. It remains unclear whether he was aware of any of the deals when he wrote about the companies on Truth Social.